"VinFast Founder Steps Up as CEO Amidst CFO Replacement"

Vietnamese electric vehicle maker VinFast has appointed its founder Pham Nhat Vuong as the new CEO, replacing Le Thi Thu Thuy, who will now serve as chairwoman. The company also named Nguyen Thi Lan Anh as the new CFO, succeeding David Mansfield. These leadership changes come as VinFast, backed by Vietnam's richest man and part of the largest conglomerate Vingroup, aims for global expansion and profitability by the end of 2024, despite recent financial losses. VinFast has been aggressively funded by Vuong, including a recent $1 billion grant, as it competes in the increasingly competitive EV market.